Indiana § 6-9-74-5 Convention, visitor, and tourism promotion fund

Indiana Statutes

§ 6-9-74-5 — Convention, visitor, and tourism promotion fund

Indiana·Art. 9 INNKEEPER'S TAXES; OTHER LOCAL TAXES·Ch. 74 Boone County Innkeeper's Tax

(a)The county treasurer shall establish a convention, visitor, and tourism promotion fund. The county treasurer shall deposit in this fund all amounts the county treasurer receives under section 3 of this chapter that are attributable to a rate that does not exceed eight percent (8%).

(b)The county auditor shall issue a warrant directing the county treasurer to transfer money from the convention, visitor, and tourism promotion fund to the commission's treasurer if the commission submits a written request for the transfer.

(c)Money in a convention, visitor, and tourism promotion fund, or money transferred from such a fund under subsection (b), may be expended only to promote and encourage conventions, visitors, and tourism within the county. Expenditures under this subsection may include

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(a) The county treasurer shall establish a
convention, visitor, and tourism promotion fund. The county treasurer
shall deposit in this fund all amounts the county treasurer receives
under section 3 of this chapter that are attributable to a rate that does
not exceed eight percent (8%).
(b) The county auditor shall issue a warrant directing the county
treasurer to transfer money from the convention, visitor, and tourism
promotion fund to the commission's treasurer if the commission
submits a written request for the transfer.
(c) Money in a convention, visitor, and tourism promotion fund, or
money transferred from such a fund under subsection (b), may be
expended only to promote and encourage conventions, visitors, and
tourism within the county. Expenditures under this subsection may
include expenditures for advertising, promotional activities, trade
shows, special events, and recreation.
(d) If before July 1, 2025, the county:
(1) issued a bond with a pledge of revenues from the tax imposed
under IC 6-9-18-3; or
(2) pledged all or part of the amounts received from the tax
imposed under IC 6-9-18-3 in accordance with a resolution
adopted under IC 6-9-18-6.5 (before its repeal) to the payment of
obligations (including bonds and leases) of a political subdivision
located in the county;
the county shall continue to expend money from the fund for that
purpose until any bonds, leases, or other obligations are paid.

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